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Dragon Riders GBP/JPY

  • #20,961
  • Sep 1, 2016 7:04am Sep 1, 2016 7:04am
well it has just gone up 100 pips in 20 min ,you think thats a good tl

Quoting Mafia
GBPUSD if you draw a trend line from june 29th high, we are now sitting on trend line and there is not much momentum in context of daily chart. Took short position with 30 pips SL Target 1.30
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #20,962
  • Sep 1, 2016 7:09am Sep 1, 2016 7:09am
Quoting artooks
I accepted the loss and now moving forward it hurts but I think I get a lesson out of it.
You closed the positions? hedge with the same amount of the loosing trade means the same thing as closing the position except that you'll pay swaps.

Quoting el_duende
{quote} These are your options as I see it. 1) Take the loss before it spirals out of control. 2) Hedge the position. Problem with this is how do you know when the top is? Close 1 side of the hedge to early and losses will keep mounting. 3) Compound the hedge. Add position to your long hedge as price rises. Eventually the hedge will balance out the loss. This is advanced trading and hard to pull off. 4) Compound the loss by adding to the losing position. Again problem with this is how do you know when the top is? 5) Leave the loss as it is and wait...
If hedge is the choice I would have used method 3 or 4 ... after doing an account scaling...
  • #20,963
  • Sep 1, 2016 7:14am Sep 1, 2016 7:14am
GBPJPY seems all set to print 138.40 on the chart.
Attached Image (click to enlarge)
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  • #20,964
  • Sep 1, 2016 7:24am Sep 1, 2016 7:24am
Quoting NurWijaya
{quote} hello all, GBPJPY today look to continue the consolidation phase, the area of 136.000 into a powerful magnet to attract the price to get there. This area is also as dynamic resistance, the price can be restrained and slapped down but can also be forwarded over to the top again. This information will be confirmed on the daily candle closed later Area 138.000 is an advanced hot spot,, waiting to be touched (This analysis refers to the daily Time Frame mt4 broker AGEA) {image}

138.500 will seek to meet the weekly cycle. This zone is the dynamic resistance on the weekly candlestick arrangement.
EMA50 daily candlestick passes as if indicating strong resistance trend reversal on the daily cycle.
daily candlestick closure will give clearer information later.

be wise with MM.. Good Luck
Attached Image(s) (click to enlarge)
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  • #20,965
  • Sep 1, 2016 7:47am Sep 1, 2016 7:47am
Quoting parsifal23
And up it goes : Long from 133.62 : SL . 132.30 , TP : 136.90

Thank you, Guppy, DONE FOR THE WEEK ! Faster and easier than Ive thought.
  • #20,966
  • Sep 1, 2016 7:50am Sep 1, 2016 7:50am
Quoting Fx_Anil
GBPJPY seems all set to print 138.40 on the chart. {image}
agreed

Quoting NurWijaya
{quote} 138.500 {image} {image}
agreee with both of you
my targets are 139 and 141
  • #20,967
  • Sep 1, 2016 7:55am Sep 1, 2016 7:55am
could b


Quoting Bones
this is a slower chart ,its a sell zone big time ,the monthly says to me it wont break this month ,but early days check the d1 s {quote} {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #20,968
  • Sep 1, 2016 8:02am Sep 1, 2016 8:02am
Quoting MXT
{quote} agreed {quote} agreee with both of you my targets are 139 and 141



yes I am also a target of 140 in my trade explorer ..
just trying to map the target of what can be seen from the current price in the daily

good Luck
  • #20,969
  • Sep 1, 2016 8:24am Sep 1, 2016 8:24am
Quoting Bones
well it has just gone up 100 pips in 20 min ,you think thats a good tl {quote}
look at the price action in M1tl still holding.according to risk/reward ratio this could be my best trade, if i lose i lose only 30 pips which is not a big problem. already earned much profit
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #20,970
  • Sep 1, 2016 8:26am Sep 1, 2016 8:26am
cool my friend just saying the markets clear to me

Quoting Mafia
{quote} look at the price action in M1tl still holding.according to risk/reward ratio this could be my best trade, if i lose i lose only 30 pips which is not a big problem. already earned much profit
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #20,971
  • Sep 1, 2016 8:27am Sep 1, 2016 8:27am
if you know what I mean
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #20,972
  • Sep 1, 2016 8:44am Sep 1, 2016 8:44am
Hey there artooks, baby,,,,imagine if you could find a place to use 6 pip stops....or that one place where a 2 pip stop past the spread works.....

Quoting artooks
Thank you very much everyone, I really liked this forum, everyone is so friendly and helpful, now I need to recover losses in time, so can you I am trying to create a system using bollinger bands, RSI and Stocastic do you think these three indicators will be enough also will use support resistances , can you please tell me if these will be enough ? and how to combine and decide how to enter and exit, I would be happy just to hear a few comments, thanks in advance.
  • #20,973
  • Sep 1, 2016 8:46am Sep 1, 2016 8:46am
strong U S Dollar till mid September.....read me now and believe me later.....ha ...ha

this is all about the usd and Gold prices...because that addresses the debt problem, don't forget
  • #20,974
  • Sep 1, 2016 8:59am Sep 1, 2016 8:59am
one more tidbit while we're all cozy here....sell yom kipper buy rosh.....every year
  • #20,975
  • Sep 1, 2016 8:59am Sep 1, 2016 8:59am
Quoting Gbp/jpy
strong U S Dollar till mid September.....read me now and believe me later.....ha ...ha this is all about the usd and Gold prices...because that addresses the debt problem, don't forget
we'll see what the fed does - if they do hike we could see a stronger USD well past mid September
  • #20,976
  • Sep 1, 2016 9:27am Sep 1, 2016 9:27am
Quoting MXT
{quote} we'll see what the fed does - if they do hike we could see a stronger USD well past mid September
Good us data tomorrow increase us rate hike speculation . This could move even higher next week. US dollar replace jpy as safe haven currency ( now I'm an economist lol )
  • #20,977
  • Sep 1, 2016 9:40am Sep 1, 2016 9:40am
Quoting Pip-Miner
{quote} Good us data tomorrow increase us rate hike speculation . This could move even higher next week. US dollar replace jpy as safe haven currency ( now I'm an economist lol )
but you're right, with ZIRP almost all around the world, the one yielding currency could become the USD in about a year
  • #20,978
  • Sep 1, 2016 9:42am Sep 1, 2016 9:42am
Quoting Pip-Miner
{quote} Good us data tomorrow increase us rate hike speculation . This could move even higher next week. US dollar replace jpy as safe haven currency ( now I'm an economist lol )
Short and scalp now. Looking for better long entry probably tomorrow afternoon.
  • #20,979
  • Sep 1, 2016 10:46am Sep 1, 2016 10:46am
t'was a lovely day
  • #20,980
  • Sep 1, 2016 7:58pm Sep 1, 2016 7:58pm
hey there old buddy, my trends model from Robert Balan shows timing on the up and down....

Quoting MXT
{quote} we'll see what the fed does - if they do hike we could see a stronger USD well past mid September
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